Publisher : Wiley; 1st edition (November 10, 2006)Language : EnglishHardcover : 350 pagesISBN-10 : 0470821825ISBN-13 : 978-0470821824Item Weight : 2.53 poundsDimensions : 7.3 x 1.36 x 10.3Major events such as the Asian crisis in 1997, the Russian default on short-term debt in 1998, the downfall of the hedge fund long-term capital management in 1998 and the disruption in payment systems following the World Trade Center attack in 2001, all resulted in increased management’s attention to liquidity risk.Banks have realized that adequate systems and processes for identifying, measuring, monitoring and controlling liquidity risks help them to maintain a strong liquidity position, which in turn will increase the confidence of investors and rating agencies as well as improve funding costs and availability.Liquidity Risk Measurement and Management: A Practitioner’s Guide to Global Best Practices provides the best practices in tools and techniques for bank liquidity risk measurement and management. Experienced bankers and highly regarded liquidity risk experts share their insights and practical experiences in this book. Reviews: This book is a collection of a series of articles on banking funding liquidity risk. These articles are written by different practitioners including a few by editors Matz and Neu. This compilation-like format causes the flow through the book to be somewhat disruptive making it a difficult read end-to-end. As a result it is best used as a reference guide. This is not necessarily a bad thing as the book is a true treasure of funding liquidity related topics that one will need to reference from time to time.It covers topics such as liquidity management governance and control aspects, liquidity MIS, planning, stress testing, early warning indicators and funding contingency planning, projecting cash flows for different product types including non-maturing cash flows, impact of collateral and credit risk, liquidity-at-risk measures and some case studies. A bonus is the long list of liquidity-related article references throughout that one can source to deepen knowledge on specific topics.Let’s face it, there are not many books around focusing on funding liquidity risk – if you are involved with banking funding liquidity management, this book needs to be on your bookshelf. A good handbook, written by an industry practitioner, that makes a lot of difference. I found it helpful to develop a multi level view of liquidity within the various classes of banks, like large, small regional, and complex banking entities. This lays out a framework for a ALCO, Limit monitoring driven from data collected in various formats, trying to address complex issues like non-maturing product maturities.I would recommend for the serious Treasury professional, it is an expensive purchase. I consider this book to be An excellent exposition if liquidity risk management issues. Would highly recommend to colleagues and practitioners